Wamda

Yemen

Yemen’s Tawseel raises investment from Numu Capital

Yemen-based food delivery startup Tawseel has secured investment from Numu Capital, a Dubai-based early-stage venture capital firm, the...

Tawseel Numu Capital

Saudi Arabia

Wa’ed Ventures invests in Roots Ventures

Wa’ed Ventures, the VC arm of Aramco, has invested in Revival Lab to launch its venture builder Roots Ventures. The investment...

Wa'ed Vnetures Roots Ventures Aramco

U.A.E

NoSQL startup WeaveDB raises $900,000 pre-Seed round

UAE-based database startup WeaveDB, has raised a $900,000 pre-Seed round, led by Permanent Ventures, along with Web3 investors: IOSG...

WeaveDB

Morocco

Moroccan fintech Gwala secures pre-Seed funding

Morocco-based fintech startup Gwala has raised an undisclosed pre-Seed round. Gwala was founded in 2022 by Mossaab Abaouz, with the...

Gwala

U.A.E

Holo secures seven-figure Seed round

UAE-based fintech Holo has announced a seven-figure Seed round, led by Saudi Arabia’s Watheeq Proptech Venture and Hambro Perks...

Holo mortgage Fintech

Egypt

Egypt’s MNT-Halan raises $400 million at valuation of $1 billion

Egypt-based fintech MNT-Halan has raised up to $400 million in equity and debt financing from local and global investors. The round...

MNT-Halan Fintech Chimera Capital

Global

Finalrentals raises fresh funding

Finalrentals, an online car rental company based out of Dubai with headquarters in Cardiff, has raised an undisclosed six-figure round...

Finalrentals

Regional

What awaits startup exits in Mena?

Looking back, the year 2021 was hard to emulate. After the pandemic-induced funding boom seen in 2021 and the first few months of 2022,...

M&A exits Exit

Regional

Hope Ventures invests in YAS Holding and RestHero

UAE-based social commerce startup has raised $200,000 from Bahrain-based VC firm Hope Ventures and Saudi investor and co-founder of...

Hope Ventures Yas Holding Rest Hero

Regional

Startups in Mena raised almost $4 billion in 2022

Startups in the Middle East and North Africa region (Mena) raised $3.94 billion in 2022 across 795 deals, a rise of 24 per cent in...

Investment

U.A.E

Wafeq raises $3 million Seed led by Raed Ventures with participation from Wamda Capital

UAE-based fintech Wafeq, has raised $3 million in a Seed round led by Raed Ventures with participation from Wamda...

Wafeq seed Wamda Capital

Global

Wa’ed invests in PASQAL’s $108 million Series B

Wa’ed Ventures, the Saudi Aramco Entrepreneurship Centre (Wa'ed), has invested in a $108 million Series B for French...

Wa'ed Vnetures

Global

UAE’s Hotdesk acquires Spain-based YADO

Hotdesk, a UAE-based workspace booking app, has acquired Spanish counterpart YADO for an unknown sum. Founded in 2019 by Mohamed...

hotdesk

Global

NB Ventures invests in $1.2 million Seed round for India’s career-tech Suraasa

UAE-based NB Ventures has invested in India-based career-tech Suraasa's $1.2 million Seed round, led by Inflection Point...

Suraasa NB Ventures

Saudi Arabia

Matbakhi raises $2.3 million pre-Seed round

Saudi Arabia-based foodtech startup Matbakhi, has raised a $2.3 million pre-Seed round led by Bugshan Investment Company along with an...

Matbakhi

Saudi Arabia

Saudi Arabia’s Sandsoft Games invests $3.25 million in The Tiny Digital Factory

Saudi Arabia-based Sandsoft Games, a mobile-first game developer, publisher and investor, has invested $3.25 million in The Tiny Digital...

The Tiny Digital Factory Sand Soft Games

Morocco

Moroccan logistics startup Cathedis raises $735,000

Morocco-based logistics startup Cathedis, has raised MDH 7.5 million ($735,500), of which MDH 5 million came from Afrimobility and a...

Cathedis

Iraq

Iraq’s Alsaree3 Group receive seven-figure bridge round

Iraq-based Alsaree3 Group, closed a seven-figure bridge round in December 2022, raising its total funding to over $6.5...

Alsaree3 Zajel delivery app

Bahrain

Beyon Cyber acquires DTS Solution

Beyon Cyber, a Bahrain-based cyber security solutions provider, has acquired a majority stake in UAE-based counterpart DTS Solutions....

Beyon Cyber DTS Solution

U.A.E

Tabby raises $58 million Series C from Sequoia Capital India, STV and PayPal Ventures

UAE-based fintech Tabby, has raised $58 million in a Series C round from Sequoia Capital India, STV and PayPal Ventures, Mubadala...

Fintech Buy now pay later BNPL

U.A.E

B2B fintech Alaan raises $4.5 million pre-Series A round

UAE-based B2B fintech Alaan, has raised $4.5 million in a pre-Series A round, backed by Presight Capital, Y Combinator, and angel...

Alaan Presight Capital Y Combinator

Global

One Moto raises $150 million to scale its last-mile delivery operations in the UK

UAE-based electric mobility startup and last-mile delivery services provider One Moto, has raised $150 million from an undisclosed...

One Moto

U.A.E

B2B micro-mobility Terra raises pre-Seed investment

UAE-based B2B micro-mobility startup Terra, has raised an undisclosed pre-Seed investment round from Saudi, American, and British angel...

Terra micro-mobility b2b

U.A.E

Flyby closes a $1 million Seed round

UAE-based last-mile startup Flyby has closed a $1 million Seed round, led by FHS Capital based in Silicon Valley, and VN2 Capital based...

Flyby FHS Capital VN2 Capital

Thought Leadership

All the information you need to navigate Mena's startup ecosystem

Thank you